Prism manufactures specialist mobility equipment to support disabled people living at home and has a network of service centres across the UK and employs around 300 people. The company will continue to be run by the existing UK management team and will focus on developing and expanding their existing product and service offering within the UK and across key European markets.

The management team led by Stuart Meldrum will be further supported by the appointment of Alan Pilgrim as non-executive chairman and James Buckley as non-executive director. Previously CEO of Alliance Medical and chairman of Cancer Partners UK, Mr Pilgrim has a successful track record of working in the UK and international healthcare sector, while Mr Buckley was previously CEO of Tunstall Group and brings substantial M&A experience in this sector.

Stuart Meldrum, Prism Chief Executive said: “LDC’s investment and support brings additional strategic focus and financial backing to our business and reflects the confidence both parties have in Prism’s continued growth. Looking forward, we anticipate that LDC’s support will allow us to further strengthen our UK market leading position, expand the company’s business into Europe and accelerate growth through acquisitions whilst maintaining our reputation for provision of high quality products and services to our valued UK and European customers, existing and new. We are very grateful for Mills & Reeve’s support to complete the transaction”.

The Mills & Reeve team was led by corporate partner Peter McLintock with support from Junaid Haroon. Peter said: “We wish Stuart and the rest of the management team every success. We were delighted to be asked to support the team through the buy out process and to see everything get done on time. Prism has a great heritage and the team at Mills & Reeve looks forward to working with the business as it moves forward.”